Construction output volume up 9.3% in September
As in previous months, the Central Statistics Office (KSH) was today able to report a continuing increase in construction output, up in September year-on-year by 9.3%, according to unadjusted data. Output rose y.o.y. in both main groups of the construction sector, i.e. in the construction of buildings and civil engineering works, by 8.6% and 9.9%, respectively.
Construction producer prices rose by 2.1% in the third quarter of 2013 y.o.y.
According to adjusted data, output was up by 9.3% y.o.y. A month-on-month increase of 0.9% in the seasonally and working day adjusted production. In the first nine months of 2013, the output grew by 8.0% y.o.y.
The output of both main groups of constructions rose in September. The construction of buildings increased 8.6% y.o.y. Aside from the low base, KSH attributed the growth to the construction of industrial buildings. The construction of civil engineering works showed a growth of 9.9%, owing to railway and road construction works. Based on seasonally adjusted indices, the construction of buildings rose by 0.5% and that of civil engineering works increased by 1.2% month-on-month.
In September, out of the divisions of construction, the output of the division of construction of buildings – comprising the organization of building projects and the construction of building structures – was 12.9% higher than a year ago. The division of construction of civil engineering works increased as well, by 17.9%. The division of specialized construction activities, representing over 40% of construction output, grew by a slight 1.6% in output y.o.y.
For the month, the volume of new orders was 49.2% higher y.o.y. Within this, new contracts for building construction increased by 16.8%. This month’s rise was driven by contracts signed for industrial and healthcare buildings and, to a lesser degree, for educational facilities.
Simultaneously, new orders for civil engineering works grew y.o.y. by some 75% due to high-value contracts for highway and bypass road construction as well as for tramway track renovation.
At the end of September 2013, the stock of orders of construction enterprises was 37.6% higher than a year ago. The stock of orders for buildings was 16.6% higher y.o.y., while that for civil engineering works went up by 46.4%.
Construction producer prices rose by 2.1% y.o.y. in the third quarter. Prices increased by 1.5% in the division of construction of buildings, by 2.9% in the division of civil engineering works and by 1.9% in the division of specialized construction work. The observed subgroups of constructions saw price increases of between 1.9% and 4.2%. Construction prices increased quarter-on-quarter by 0.7%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.